AUSTIN, Texas, Dec. 17, 2024 /PRNewswire/ -- Affiliates of Brigham Exploration ("BEXP"), a leading non-operated oil & gas company, announced today the acquisition of Great Western Drilling Ltd.'s ("GWDC") non-operated assets in Texas and New Mexico. The combination of the acquired assets and BEXP's existing portfolio creates one of the largest private non-operated footprints in the Permian Basin.
Acquisition Highlights
Over 7,000 net acres in the Delaware and Midland Basin, located primarily in Eddy and Lea Counties, New Mexico, and Martin, Midland, Loving, and Winkler Counties, TexasAugust 2024 net production of ~2,700 boe/d from ~29 net producing wellsPro forma balance sheet is expected to remain strong with a leverage ratio below 1.0xThe acquisition closed on November 22, 2024 with an effective date of April 1, 2024The information provided here is not subject to any editorial processing. It is prepared fully automatically and enriched with additional information and further research options. The aim of the content is to provide information seekers with the relevant information quickly and easily. A link back to the information provider and owner ensures that the data prepared here can be compared with the source information if required. The newsboard does not show information in real time. Please contact the exchange operator for this information if required. There is no claim to completeness. High availability cannot be guaranteed. If you notice any errors in the functionality, please let us know using the "Report a Bug" form below.
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